RWE First Quarter 2024 Earnings: EPS: €2.58 (vs €2.15 in 1Q 2023)

RWE (ETR:RWE) First Quarter 2024 Results

Key Financial Results

• Revenue: €6.63b (down 29% from 1Q 2023).
• Net income: €1.92b (up 20% from 1Q 2023).
• Profit margin: 29% (up from 17% in 1Q 2023).
• EPS: €2.58 (up from €2.15 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

RWE Earnings Insights

Looking ahead, revenue is expected to decline by 1.5% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in Germany are expected to grow by 3.3%.

Performance of the German Renewable Energy industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for RWE you should be aware of, and 1 of them shouldn't be ignored.

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